How to choose a broker with the lowest spread.

When trading Forex, spread size plays a decisive role in most profitable strategies especially with Scalping, so how do you choose a brokerage company with the smallest spread size?

After all, most brokers use floating spreads, indicating the smallest size in the specifications. At the same time, the difference between the maximum and minimum spread is sometimes tens of points. How not to lose money, especially if you use an advisor in your trading and cannot constantly control the commission when opening each transaction.

There are several approaches to solving the problem, each of them is purely individual, so you will have to choose.

• Broker or account with a fixed spread - in this case, you can be sure that if the size of the commission changes, it will be no more than a point or two. At first glance, a fixed spread is always larger than a floating one, but on average the difference is not so big and you are protected from accidentally opening a transaction with an extended spread, and the extension can reach 20-30 points.

• Constant control - there is a simple spread indicator , which displays its value on the screen of the trading terminal in large numbers, that is, when opening a new transaction, you have the opportunity to always control the size.

• Studying history - this is exactly the case when you can choose a broker with a minimum spread without paying attention to advertising statements.

To begin with, we select a broker who, according to his assurances, has a minimum spread, go through registration and open an account.

Then we install the Spread Session script and wait a few days, thanks to this we get statistics on the size of the spread by session and see when the expansion most often occurs, and how much the commission size corresponds to the declared one.

If the broker is not suitable, we check the next company, as a result, you can choose a truly suitable broker.